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§ 70-2-37 NMSA 1978

Oil and gas reclamation fund created; disposition of fund

Known as the Oil and Gas Act

The act spans §§ 70–70 (43 sections).

1953 Comp., § 65-3-37, enacted by Laws 1977, ch. 237, § 4; 1978, ch. 117, § 2; 1987, ch. 234, § 64; 1989, ch. 324, § 33; 2010, ch. 98, § 3. 1953 Comp., § 65-3-37, enacted by Law…

There is created the "oil and gas reclamation fund". In addition to other sources, money in the fund may consist of donations. All funds in the oil and gas reclamation fund are appropriated to the energy, minerals and natural resources department for use by the oil conservation division in carrying out the provisions of the Oil and Gas Act.

The "oil and gas reclamation fund" is created as a nonreverting fund in the state treasury. In addition to other sources, money in the fund may consist of distributions, appropriations, gifts, grants and donations. The energy, minerals and natural resources department shall administer the fund, and money in the fund is appropriated to that department for use by the division in carrying out the provisions of Section 70-2-38 NMSA 1978.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.